The Global Liquid Crystal Polymer Market is expected to grow at a CAGR of 5.8% during the forecasting period (2022-2029).
Liquid crystal polymer demonstrates good cycle repeatability due to its high melt flow and low thermal expansion in molecular orientation. Also, it typically includes low melt viscosity, fast cycle times, molding to tight tolerances, very low mold shrinkage/warpage/sinking, excellent mechanical properties, good solvent resistance, low flammability, high continuous use temperature, excellent solder resistance, excellent barrier properties, and low water absorption. These properties make up a family of thermoplastics with a unique set of properties that perform very well in harsh environments, including high heat resistance and tolerance, high electrical resistance, and high chemical resistance. These molecules have even been found in biological molecules, including DNA and micelles, and they offer a unique combination of properties to the end-users.
Liquid crystal polymer demand has increased in the electrical and electronics industries and medical industries. These industries are expected to increase the market size in the forecast period.
The industries like automobiles, smartphones, computers, medical and house appliances are expected to grow in the forecast period. Moreover, the medical industries will be boosted because of covid-19. Besides, the automobile industry has a major transformation because, in increasingly important global environmental issues, stringent energy conservation and exhaust gas regulations are coming into the picture. According to these issues, automobile industries are developing alternative drive systems to the conventional internal combustion engine for hybrid vehicles, including electric vehicles and fuel cell vehicles. Among all, the hybrid vehicle has made the most progress in being commercialized and penetrating the market. The hybrid vehicle includes an intelligent power module case that requires heat resistance, insulation properties, solderability, adhesivity, and gel encapsulation, among other functionalities. The plastic material used must meet several high-performance requirements, including high heat resistance, high breakdown strength, material strength, high flowability, and low outgassing during molding, which will increase the market of LCPs in the forecast period.
However, the material's anisotropic nature causes weakness at weld lines where the material meets different molecular orientations. This happens because the molecules' orientation influences thermal expansion; warpage can occur in parts with different degrees of molecular orientation. Its cost is also somewhat higher than more traditional polymers, but it stays competitive in many applications because of its superior properties.
By type, the market is segmented into thermotropic and lyotropic. Thermotropic liquid crystals composed of small molecules, which are usually used increasing application as display materials, information storage materials, optical couplers, and optical waveguides, were liquid crystalline mesophase called lyotropic, which is formed by dissolving an amphiphilic mesogen in a suitable solvent under appropriate conditions of concentration, temperature, and pressure. Lyotropic LC is used to manufacture the drug delivery systems such as liposomes, solid lipid nanoparticles, and nanostructured lipid carriers are the few names that can be attributed to the increased R&D in developing functionalized formulations and the added fact of newer dimensions that lipids that can instil into these novel formulations.
The market is segmented into the nematic phase by phase, a smectic phase, a cholesteric phase, and a discotic phase. Nematic liquid crystal produces a 900 shift in the polarization of the light passing through when there is no electric field present. When voltage is applied, an electric field is produced in the liquid, affecting the molecules. This causes the polarization shift to be reduced. The effect is slight at low voltages and increases as the voltage (and the resulting field strength) increases. As the applied voltage reaches a certain level, the polarization shift disappears entirely. Because their light transmission properties can be deliberately varied as a function of applied external voltage, nematic liquids are used in alphanumeric liquid-crystal displays (LCD s), such as those found in digital wristwatches and many consumer electronic devices.
Discotic liquid crystal (DLC) polymers in columnar phases are fascinating and favorable organic semiconducting materials as they combine the advantages of DLCs with the flexibility and good processability of polymers. Synthetic challenges hinder progress in this area, particularly in preparing such polymers are in a well-controlled way. A group of butoxy-substituted triphenylene (TP)-based side-chain DLC polymers are prepared by reversible addition-fragmentation chain transfer (RAFT) polymerization rational macromolecular engineering with a particular priority on the effects of spacer length and molecular weight. The DLCP with shorter alkyl spacers exhibit various ordered columnar LC and easily realize macroscopic homeotropic or planar columnar alignments. The mobility of a very high hole over 0.1 cm2 V−1 s−1 is achieved by well-defined and have high-molecular-weight side-chain DLC polymers with shorter spacers, which is evaluated by time-of-flight measurements. These high hole mobilities are mainly assigned to the positive coupling between the side-chain TP discounts and the polymer's backbones. DLCs and applied macromolecular engineering principles may pave the way for cost-effective, solution-processable organic semiconducting materials for various electronic and optoelectronic device applications.
The Asia-Pacific region is having the highest growth in the liquid crystal polymer market. The increase in the end-user industry is the key driver of the market in the region. China was the leading regional market and held more percentage of the total Asia-Pacific market. China is expected to continue its dominance during the forecast period due to the increasing growth in the electrical & electronics industry. Other Asia-Pacific countries are also anticipated to steady growth during the forecasted period. North America and other regions were projected to have moderate growth during the forecast period due to the shifting of manufacturing-based companies such as electrical & electronics and consumer goods in the Asia-Pacific region. However, a shift in the trend towards adopting lightweight, high-performance materials from the automotive industry, due to which North America is expected to drive the liquid crystal polymer market in the forecast period.
The Liquid Crystal Polymer Market is a moderated fragmented with the presence of global and regional players. The competitive edge lies with the increase in the regional company and growing investment in upstream applications. Polyplastic, Solvay SA, Sumitomo Chemical Co. Ltd, RTP Co., Celanese Co., Toray Industries Inc, Kuraray America Inc, Zeus Industrial Products, TCI Chemical Co., Ueno Fine Chemicals Industry Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the liquid crystal polymer market globally.
Polyplastics Co. Ltd
As per growing trend toward E-vehicles is increasing materials suppliers like Polyplastics Co.Ltd. It is a leading global engineering plastics supplier to position its innovative resin products for advanced driver-assistance systems (ADAS) parts that enable autonomous driving. Many other companies target sensors and camera bracket systems, which show great promise in delivering low warpage, dimensional stability, and low dielectric constant.
Besides, in radar housings, manufacturers seek low dielectric constant, stable radio wave transmissibility, and low water absorption. The market has been employing syndiotactic polystyrene (SPS) and polyetherimide (PEI) for dielectric properties and PPS for low water absorption and chemical resistance. To meet cost challenges, manufacturers have started to incorporate PBT into their designs.
Get your free sample proposal with a single click!